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Showing 381 - 390 of 1640 results for "Investigation"

Competition for adviser relationships fierce: Report

ANDREW MCKEAN  |  MONDAY, 15 AUG 2022
... 10-year high given the prioritisation of efficiency and reliability by advisers now more than ever." Upon further investigation of the evolving technology needs of financial advisers, it was found that industry-wide, overall adviser satisfaction with ...

Convicted former financial adviser banned for life

CHLOE WALKER  |  TUESDAY, 9 AUG 2022
... particular disclosure requirements when first contacted, the consequences for him would not have involved a protracted investigation, compulsory hearings, strike-off and criminal prosecution for serious offences," McGrath said. Nesseim's banning ...

Fraud charges laid over unlicensed scheme

CASSANDRA BALDINI  |  WEDNESDAY, 20 JUL 2022
... charged with 50 counts of fraud and is due to appear in Perth Magistrates Court on Friday. The charges follow ASIC's investigation which alleged that, between July 2013 and October 2018, Marco defrauded $36.5 million from nine investors. The regulator ...

Former adviser sentenced over theft

CHLOE WALKER  |  MONDAY, 18 JUL 2022
... Flowers - formerly known as Nigel Flowers - acted dishonestly as a company director and stole investor funds. ASIC's investigation was assisted by a report from the liquidators of Flowers Financial Management. According to the report, between 1991 and ...

OTC derivatives provider loses licence, executives banned

CASSANDRA BALDINI  |  THURSDAY, 14 JUL 2022
... role in the management or control of a financial services provider. ASIC commissioner Danielle Press said: "ASIC's investigation uncovered concerning consumer losses from trading in CFDs, including a Sirius Financial investor, who had limited knowledge ...

Victorian AR charged with providing unlicensed advice

CASSANDRA BALDINI  |  WEDNESDAY, 13 JUL 2022
... $126,000, or both. This matter is being prosecuted by the Commonwealth Director of Public Prosecutions after an investigation and referral by ASIC. It will be next listed for mention on October 4 in the Magistrate's Court of Victoria.

UK regulator appoints Camille Blackburn to leadership team

CASSANDRA BALDINI  |  WEDNESDAY, 6 JUL 2022
The Financial Conduct Authority (FCA) is bolstering its leadership team with six new appointments, including former ASIC and Westpac senior executive Camille Blackburn as director of wholesale buy-side. Blackburn will join the FCA in October from Legal ...

ASIC bans Melbourne adviser

CHLOE WALKER  |  FRIDAY, 1 JUL 2022
... match his clients' risk profiles or experience, and Ruthenberg was found to have failed to conduct a reasonable investigation into alternative financial products that could have met the clients' needs. The consulting practice, owned and operated by Ruthenberg ...

Former adviser charged over faked books

CHLOE WALKER  |  TUESDAY, 28 JUN 2022
... financial adviser has been charged with seven counts of alleged falsification of company books following an ASIC investigation. ASIC alleged that between February 2010 and December 2018, Tai Thanh Nguyen of Interprac Financial Planning falsified company ...

ASIC obtains orders to freeze assets

ANDREW MCKEAN  |  TUESDAY, 28 JUN 2022
... without a license. At the time ASIC said it sought the freezing orders to help protect investor funds while its investigation continued. Likewise, the Federal Court has recently made orders against A One Multi arising from unlicensed conduct and the ...